NZD
NZ Dollar Outlook: Kiwi may fall as commodities weaken
…may fall as commodities weaken, risk appetite wanes By Jason Krupp May 9 (BusinessDesk) – The New Zealand dollar may fall against the greenback this week, with the downward shift in risk sentiment set to continue playing out on global equity and com…
Kiwi may fall as commodities weaken
…this week, with the downward shift in risk sentiment set to continue playing out on global equity and commodity markets. Five of the six strategists and economists surveyed by BusinessDesk saw the kiwi falling this week, with the currency likely …
NZD/USD Outlook –May 9-13
…the fall and is the next line. The last line for now is the December trough of 0.7350. I am neutral on NZD/USD. While the kiwi is backed by a recovering economy, the drop in commodity prices poses a threat and balances the picture. For a broad view …
Ructions in market disrupt kiwi’s ride
…negative sentiment toward the US dollar has been a key contributor,” she said. While the New Zealand dollar has been volatile, the Reserve Bank’s trade-weighted index, which measures the currency against those of New Zealand’s main trading partners,…
NZ ‘only safe place’ to attempt Kiwi wife’s murder
…policies so that, having murdered your wife, you could reap your ill-gotten gains?” Of the New Zealand crash, which happened in Auckland in 1999, Prais asked Webster: “Did you deliberately leave the road?” Webster said: “Yes, because I was on …
Forex – NZD/USD up in Asian trade
…Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7870, up 0.35% at time of writing. The pair was likely to find support at 0.7817, today’s low, and resistance at 0.8120, Monday’s high. Mean…
Kiwi chain BurgerFuel moves into Iraq
… The Iraqi consortium that has bought the rights for BurgerFuel Iraq also own half of Iraq’s North Bank financial institution as well as half of Pepsi Iraq, the dominant soft drink in Iraq. BFW is part of the New Zealand Trade & Enterprise Beach…
NZD/JPY Analysis
…pull another one of our favorites – the NZD/JPY. Don’t forget we may see a little slow down in the JPY as Japan celebrates Children’s Day. We saw a big movement up followed by a downward expanding channel. It seems there is still more potential for …
Jobs data drives kiwi higher
… Globally volatile commodity prices have spooked investors and weighed on equity markets. But the NZ dollar rose about 30 basis points when the New Zealand unemployment rate for the first quarter came in below the 6.7 per cent expected at 6.6 pe…
NZ jobless rate falls to 6.6% in 1st qtr; kiwi dollar jumps
…in a statement. “These results indicate signs of continued strengthening in the labour market.” The New Zealand dollar rose to 79.37 U.S. cents from 79.02 cents immediately before the report was released. Unemployment is typically a lagging indi…
Daily Forex Summary on USD, Euro, GBP, JPY, CAD and NZD
…The yen also gained as investors unwound speculative carry trades in higher yielding currencies like the NZD and AUD on disappointing economic reports out of those countries. However, with the yen now approaching the key 80.0 barrier, speculation wi…
Euro Strength Persists- Kiwi Sees Technical Pullback
…support for the euro rests at 1.4880 with subsequent floors seen at 1.4770 and 1.4710. The New Zealand dollar was the worst performer against the greenback in overnight trade, with the pair falling nearly 0.70% before finding solace around the 0.79…
Aussie drives kiwi lower
…to see people bring forward the timing of next Reserve Bank of Australia rate hike, while the Reserve Bank of New Zealand is on the sidelines,” Mr Jones said. The NZ dollar was at A73.21c at 5pm, its lowest since March. This was down from A73.75…
Weak kiwi lifts offshore sales
…Goldman Sachs & Partners. “It looks as if there might be a lot of volatility coming up.” The New Zealand dollar recently traded at 79.32 US cents, having dipped below 80 cents earlier today as a decline in commodity prices sapped the appeal of cu…
Yen, Dollar Advance on China Tightening Concern; Kiwi Declines
…currencies also advanced for a second day versus the euro as Asian stocks and commodity prices declined. New Zealand’s dollar dropped to a two-week low after a government report showed the nation had the biggest net outflow of residents in more th…
AUD/NZD Ascending Channel Provides Swing Trading Opportunity
…against most major currencies, and the trend is likely to continue. However, like with other Australian Dollar based pairs, the AUD/NZD pair is reaching extreme technical levels that suggest a sell-off could be on the horizon. On the daily chart, th…
Forex Notes on “Commodity” Currencies in the AUD/USD, NZD/USD, USD/CAD
The Aussie (AUD), Kiwi (NZD), and Loonie (CAD) have been in a perma-bull market since the end of 2008 and show no sign of stopping yet. Rising “commodity” prices in gold and oil have helped boost these positively correlated currencies against the USD. If this dynamic continues in Q2 2011, what are the short-term and medium-term targets for the AUD/USD, NZD/USD and USD/CAD pairs?
NZD/USD Completes Gartley; Slingshot Targets 0.80-0.82 Zone
The NZD/USD has rebounded since an attempt to test the 61.8% retracement level near 0.71. So far, the rally represents a V-shape type reversal. The rally seen in the 4H chart shows bullish momentum breakout suggesting strength in the medium term. If the RSI in the 4H chart follows with a break above 60, the bullish scenario is more likely…
